London Stock Exchange welcomes Ashoka India Equity Investment Trust plc to the Premium Segment of the Main Market
London Stock Exchange today welcomes Ashoka India Equity Investment Trust plc to the main market.
Ashoka India Equity Investment Trust plc is a high conviction, long-only investment trust, investing mainly in securities listed in India and listed securities of companies with a significant presence in India. The Company has adopted a benchmark agnostic approach and, once fully invested, it is expected to be invested in approximately 20 to 40 investments, limiting investment to only those companies that the Investment Manager considers to be high conviction opportunities.
Peel Hunt LLP acted as sole sponsor, placing agent and intermediaries offer adviser. Stephenson Harwood LLP provided legal advice to the Company.
Andrew Watkins, Chairman of Ashoka India Equity Investment Trust plc, said:
"We are pleased to have successfully raised £46m, providing UK institutional and retail shareholders with access to this exciting opportunity in the Indian equities market. We are confident in the growth prospects of the Company and look forward to working with the highly experienced investment team to deliver positive long-term returns for shareholders."